Bronx Two-Family Home for
1256 Allerton Avenue, Bronx, NY 10469
- Added:
- Mar 25, 2026
- Days on Market:
- 65
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 1256 Allerton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
- Parking features
- Garage
- Interior features
- Eat-in Kitchen
- Standard status
- Pending
- APN
- 04463-0052
- Size
- 2,000 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6593
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1955
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Silvia L. Corrales CBR SFR CIREC License #10301208186 (347) 968-6288
Listing office Keller Williams Landmark II 7535 31st Ave Ste 202, Jackson Heights, NY (347) 846-1200
Listing date Mar 25, 2026
MLS# 976663
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal two‑family home in the Allerton section of the Bronx.
- Spacious primary unit featuring 3 bedrooms and 1.5 baths with an open‑concept kitchen.
- Convenient location near public transportation, shopping, schools, and major highways.
- Full, above‑grade basement.
- Probate sale with court approval already obtained.
- Yard access from the second floor.
Overview
This semi-detached two-family home is located in the Allerton section of the Bronx. The property offers approximately 2,000 square feet of living space, featuring a total of 4 bedrooms and 2.5 baths. This is a legal two-family property with a full above-grade basement. The primary unit spans the second and third floors, offering a spacious 3-bedroom, 1.5-bath layout. The unit includes generously sized bedrooms and an open-concept kitchen that flows into the dining area. Yard access is available from the second floor. The lot dimensions are approximately 23.17 feet by 123.67 feet (irregular), while the building dimensions are approximately 19.67 feet by 37 feet. The property presents an excellent opportunity for a new owner to unlock its full potential and add the finishing touches. The property is conveniently located near public transportation, shopping, schools, and major highways. The property is a probate sale with court approval already obtained.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$564.5K
NOI $50,803 @ 9.00% cap · cautious / downside scenario
Moderate
$725.8K
NOI $50,803 @ 7.00% cap · market / base-case scenario
Aggressive
$1.02M
NOI $50,803 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $38.40 |
| − Vacancy | −$4.2k | −$2.11 |
| EGI | $72.6k | $36.29 |
| − OpEx | −$21.8k | −$10.89 |
| NOI | $50.8k | $25.40 |
2,000 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$657.2K
$575.1K – $766.8K
NOI $46,007 @ 7.0% cap · market cap 5.91%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.850626
- Latitude
- 40.86508
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Semi-detached two-family home in Allerton section of the Bronx.
Where is this duplex located?
The property is located at 1256 Allerton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $778,000.
What are key features of this property?
This property features: Legal two‑family home in the Allerton section of the Bronx.; Spacious primary unit featuring **3 bedrooms and 1.5 baths with an open‑concept kitchen.**; Convenient location near public transportation, shopping, schools, and major highways.
